Wages slow
Via SEEK's advertised salaries index, advertised salaries grew up just 0.2 per cent in January, seasonally adjusted.
It's the second consecutive monthly decline, reported SEEK's Newsroom:
Over the year advertised salaries growths slowed to 4.4 per cent (down from 4.6 per cent in December).
This suggests that we may seen the peak of wages growth for the cycle, according to SEEK's Chief Economist, Matt Cowgill.
This makes sense, with the peak tightness in the labour market having passed in mid-to-late 2022.
